TORONTO & DENVER – (BUSINESS WIRE) –Softeka leading provider of capital and credit management solutions, announced today that it was acquired Gentech (H2 FinTech) formerly part of GWM Holdings Inc. Gentech (H2 FinTech) is an innovative technology and software service company that addresses the daily challenges of RIAs and independent brokers / dealers and the companies that support them. The Gentech the platform provides everything from compliance and sales supervision monitoring as well as a comprehensive commission-based compensation system, fee invoicing, portfolio management and a complete system for customer books and records. The combination of Softek and Gentech (H2 FinTech) will help companies navigate the global regulatory maze.
Robert Bond, President and CEO of Softek, saw it Gentech the platform, with its functionally rich offering, is expanding Softeks credit and compliance offers to the Independent Investment Advisor community. Founded by industry experts with decades of experience, Gentech is already used by thousands of professional users. This depth and breadth of knowledge is the key to the ongoing development of the service in line with market and regulatory needs. ”
«As part of the merger Softek has acquired Gentech sin highly skilled technical development team which, in addition to enabling ongoing improvements to the platform, gives us the opportunity to move our products and services into the mobile world. ”
Dean Rager, president at H2 FinTech and Chief Operating Officer at Geneos Wealth Managementsaid, “Merge our unique hosted software solutions with a global industry leader like Softek will give the new company a much larger platform to continue developing our solutions. Softek gives us global reach and the ability to serve much larger customers than ever before. We look forward to a very long and successful relationship. ”
About Softek
Softek is a leading provider of capital and credit management services with a focus on regulatory capital, margin loans, collateral financing and risk reporting. Our full-service tool delivers an innovative package of integrated pre- and post-trading solutions by combining data management, risk and capital calculations in almost real time.
Softek serves a variety of financial businesses, including: Banks, Prime Brokerage, Broker-Dealers, Proprietary Trading, Correspondent Clearers, Wealth Management and Hedge Funds
About Gentech (H2 FinTech)
H2 FinTech is dedicated to bringing innovative technology and software solutions to the financial industry. Our goal is simple – to develop and deliver versatile solutions and outstanding value that are not currently available on the market to meet the daily challenges of advisors and the financial companies that support them.
